If you have the urgent desire to pay for embroidered pillows or a pound of Ugandan coffee using bitcoin, then Square will scratch that itch. On its engineering blog, Square announced plans on Monday to accept bitcoin on any transaction in its online merchant hub, Square Market.
We’ve started to see a lot of individual businesses accept bitcoin — from pizzerias to coffee sellers — but lately online and mobile payment processors have started to take an interest in the crypto-currency. Stripe last week announced a pilot program that will eventually make bitcoin a payment option for all its merchants. And now Square is making it accepted tender to the more than 50,000 merchants that use its online storefront.
Square merchants will actually get their money in their home currency, just as they would a regular credit card transaction. Square, however, is implementing a system making it relatively…
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